Newsletter

The Socialist in Chief is Intent on Destroying Capitalism

Barack Obama is destroying our economy in plain view of the American people and the World.

Last week, it was the opinion of 55% of those polled in the United States that Obama is a Socialist.With his takeover of Chrysler and General Motors, lavishing money on unions, and wrongfully denying money to investors, we no longer hear objections to commentary on the Progressive Far Left economics of Barack Obama.

Like a true Marxist, Obama lives a lifestyle of opulent excess that appears to overshadow the extravagance of any previous President.He is eating and serving Wagyu Beef at $100 per pound, taking numerous vacations, and playing a lot of golf.This all has followed the most expensive Inaugural in our history.

Obama is squandering taxpayer money on himself while our nation is plunging rapidly into debt, unemployment is at 10% and real unemployment is pushing 20%.Almost everyone is afraid of what Obama will do next to demoralize investors and business owners.He seems concerned about the massive oil spill in the Gulf of Mexico only when he thinks it will benefit him politically.

Obama’s “stimulus” money has seen the loss of millions of jobs even though the White House tried to make us believe that 3 million jobs have somehow been saved.Just about the only jobs being created are government jobs, with government job salaries and benefits going nowhere but up.Washington just became the number one city in the United States for high salaries.

Obama has stopped offshore deep oil drilling, even though it took him three tries and the necessity of ignoring Federal Court orders.He is not objecting to deepwater drilling off the coast of Cuba.Obama even provided $2 billion in financing for his friend George Soros to drill in deep water off the coast of Brazil.

No conventional or nuclear power plants are being built.Obama seems intent on shutting down both our coal and nuclear industries.In the meantime, China is opening a new coal-fired power plant about every three days and has dozens of nuclear power plants under construction and in the planning stages.

Investors and company owners are afraid of what Obama will do to us next.Obama plans to let the Bush Tax Cuts expire and will push for new destructive taxes, including a massive Cap and Trade Tax.He is pushing through massive new regulations that will degrade the productivity of all of us.

Countries in Asia and elsewhere are cutting taxes and regulations in order to boost their economies.China’s GDP grew 11.1% the first half of this year.Singapore’s economy expanded 19.3% in the second quarter.Taiwan expects a growth of 7.7% for this year, and India will see 8.5% growth for the year.

At the G-20 Summit last month in Toronto, Obama was the only major leader who was still planning to raise taxes and use government money in an attempt to “stimulate” the economy.All of the other leaders have tried Socialist economics and found they only destroy the incentive to work and to prosper.

The Socialists in the European Union and the Communists in China have warned that Obama is taking us down the road to hell.They are telling us Marx and Lenin were wrong and so is Obama.